The State Administration of Taxation, in conjunction with the Ministry of Finance, has formulated the "Revised Draft of the Tax Collection and Administration Law of the People's Republic of China" (hereinafter referred to as the "Draft for Comments") for public consultation starting from March 28th. As a daily necessity for tax lawyers, I couldn't help but take a look at the Tax Administration Law. It can be said that every revision, addition, or deletion of its provisions directly affects the tax cases in my hands. Taking this opportunity, the author selects several clauses that tax lawyers are most concerned about when handling cases, and together with readers, reads the "Draft for Soliciting Opinions" and proposes appropriate revision suggestions. [Note: The bolded parts of the entire text are newly added to the draft for soliciting opinions]

On March 10, 2025, Huang Wenjun, Director of the Executive Bureau of the Supreme People's Court, made this statement in a series of live interviews with all media outlets during the interpretation of the "Work Report of the Supreme People's Court" at the Two Sessions, and introduced the new measures of the People's Court in the field of dishonesty punishment - promoting the classification and grading of dishonesty punishment, establishing grace periods, and a single lifting mechanism.

During the 2025 Two Sessions, the interpretation of the "Work Report of the Supreme People's Court" series of all media live interviews revealed that as of February 2025, a total of 16.2705 million executed persons (times) have voluntarily fulfilled the obligations determined by effective legal documents under the pressure of dishonesty punishment, or reached a settlement agreement with the applicant for execution through negotiation. The new measures of the people's court in the field of dishonesty punishment were also introduced, including promoting the classification of dishonesty punishment levels, establishing grace periods, and single unlocking mechanisms.

On February 14, 2025, the State Internet Information Office officially released the Administrative Measures for the Audit of Personal Information Protection Compliance ("Audit Measures"), which specifies how to organize and carry out the audit of personal information protection compliance and will be implemented from May 1, 2025.

On March 10, 2025, Huang Wenjun, Director of the Executive Bureau of the Supreme People's Court, made this statement in a series of live interviews with all media outlets interpreting the "Work Report of the Supreme People's Court" at the Two Sessions, and introduced the new measures of the People's Court in the field of credit punishment - promoting the classification and grading of credit punishment, establishing grace periods, and single lifting mechanisms.

With the increasingly close economic and trade exchanges between mainland China and Hong Kong, cross-border disputes have also increased. The company has worked hard to win the arbitration, but if the debtor has assets in Hong Kong, how can the ruling be implemented and the money really be obtained?

The Decoupling America's Artificial Intelligence Capabilities from China Act (AI Decoupling Act for short) was proposed by U.S. Senator Josh Hawley on January 29, 2025. [1] At present, the bill is in the initial stage of congressional review during the proposal stage. Due to the controversial nature of the bill, which involves multiple fields such as punishment and finance, there is still significant uncertainty about whether it can become formal legislation in the future. Nevertheless, the bill reflects the long-term stance of the US government on its policy towards China in the field of AI. Therefore, its potential impact and the series of chain reactions it may trigger still need to be taken seriously.

On February 6, 2025, the People's Bank of China, the National Development and Reform Commission and other departments drafted the Notice on Regulating Supply Chain Finance Business and Guiding Supply Chain Information Service Institutions to Better Serve SME Financing (Draft for Comments) (hereinafter referred to as the Draft for Comments). The third part of the document extensively elaborates on the "electronic voucher business for accounts receivable".

On February 17,2025,the Central Government held a symposium on private enterprises.This is not only an affirmation of the private economy but also points out the direction for its development.